Velix.ID - Crunchbase Company Profile & Funding

Q: Where is Velix.ID's headquarters?

Velix.ID is located in Melbourne, Victoria, Australia.

Overview

Velix.ID

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About Velix.ID

A global platform for frictionless identity verification

Closed

Founded

obfuscation

Private

Melbourne, Victoria, Australia

11-50

www.velix.id

Blockchain

Cyber Security

Identity Management

Security

Details

Also Known As

Velix, Velix ID, Velix ID blockchain, Velix.ID

Operating Status

Closed

Company Type

For Profit

Founders

Balwant Singh, Manav Singhal

About the Company

Velix.ID is a RegTech blockchain startup catering to a $200 Billion a year target market in the identity verification space.

As the contemporary methods of identity verification take too long to process, incur massive financial loss for both businesses & individuals, and often compromise the personal information of the user, Velix.ID is

decentralizing the process using Smart Contracts, Zero Knowledge Proofs, and Stellar Consensus Protocol (SCP) to build an ecosystem that is universal, obscure, transparent, decentralized, time-efficient, and cost-efficient.

Working in synergy with government & industry, Velix.ID plans to integrate its ecosystem across all major vertical like cryptocurrency trading, real-estate, Travel & Hospitality, Banking & Insurance, Employment, Commerce, Transport. The initial target markets are India & Australia with over 1.3 Billion identities, to be followed with operations launch in Asia-Pacific and UK.